Adagene Stock Market Value
| ADAG Stock | USD 2.31 0.09 4.05% |
| Symbol | Adagene |
Adagene Price To Book Ratio
Is Biotechnology space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Adagene. If investors know Adagene will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Adagene listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.72) | Revenue Per Share 0.019 | Quarterly Revenue Growth (0.85) | Return On Assets (0.20) | Return On Equity (0.46) |
The market value of Adagene is measured differently than its book value, which is the value of Adagene that is recorded on the company's balance sheet. Investors also form their own opinion of Adagene's value that differs from its market value or its book value, called intrinsic value, which is Adagene's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Adagene's market value can be influenced by many factors that don't directly affect Adagene's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Adagene's value and its price as these two are different measures arrived at by different means. Investors typically determine if Adagene is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Adagene's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Adagene 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Adagene's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Adagene.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Adagene on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Adagene or generate 0.0% return on investment in Adagene over 30 days. Adagene is related to or competes with Ikena Oncology, Eliem Therapeutics, HCW Biologics, RenovoRx, Tempest Therapeutics, Scpharmaceuticals, and Milestone Pharmaceuticals. Adagene Inc., a clinical stage biopharmaceutical company, engages in the research, development, and production of monocl... More
Adagene Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Adagene's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Adagene upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 37.93 | |||
| Value At Risk | (9.52) | |||
| Potential Upside | 8.13 |
Adagene Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Adagene's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Adagene's standard deviation. In reality, there are many statistical measures that can use Adagene historical prices to predict the future Adagene's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.25) | |||
| Total Risk Alpha | (1.15) | |||
| Treynor Ratio | (0.78) |
Adagene Backtested Returns
Adagene secures Sharpe Ratio (or Efficiency) of -0.0166, which signifies that the company had a -0.0166% return per unit of standard deviation over the last 3 months. Adagene exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Adagene's risk adjusted performance of (0.02), and Mean Deviation of 4.44 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.28, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Adagene's returns are expected to increase less than the market. However, during the bear market, the loss of holding Adagene is expected to be smaller as well. At this point, Adagene has a negative expected return of -0.1%. Please make sure to confirm Adagene's total risk alpha, potential upside, and the relationship between the standard deviation and maximum drawdown , to decide if Adagene performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.2 |
Insignificant reverse predictability
Adagene has insignificant reverse predictability. Overlapping area represents the amount of predictability between Adagene time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Adagene price movement. The serial correlation of -0.2 indicates that over 20.0% of current Adagene price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.2 | |
| Spearman Rank Test | -0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Adagene lagged returns against current returns
Autocorrelation, which is Adagene stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Adagene's stock expected returns. We can calculate the autocorrelation of Adagene returns to help us make a trade decision. For example, suppose you find that Adagene has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Adagene regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Adagene stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Adagene stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Adagene stock over time.
Current vs Lagged Prices |
| Timeline |
Adagene Lagged Returns
When evaluating Adagene's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Adagene stock have on its future price. Adagene autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Adagene autocorrelation shows the relationship between Adagene stock current value and its past values and can show if there is a momentum factor associated with investing in Adagene.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether Adagene is a strong investment it is important to analyze Adagene's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Adagene's future performance. For an informed investment choice regarding Adagene Stock, refer to the following important reports:Check out Adagene Correlation, Adagene Volatility and Adagene Alpha and Beta module to complement your research on Adagene. For more detail on how to invest in Adagene Stock please use our How to Invest in Adagene guide.You can also try the Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..
Adagene technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.